Question: Please solve these two below, thank you! Manpreet just won the lottery. She would like to use some of her winnings to set up a

Please solve these two below, thank you!

Please solve these two below, thank you! Manpreet just won the lottery.

Manpreet just won the lottery. She would like to use some of her winnings to set up a retirement fund that will be used to provide her with payments of $4,500 at the beginning of each month for 20 years once she is retired. She plans on retiring in 14 years. If her retirement account is expected to earn 3.84% compounded monthly (j12), how much should she put aside today? Your Answer: Answer Question 10 (1 point) Mr. and Mrs. Megabucks would like to set up a college fund for their grandson. They want him to be able to withdraw $1,750 each month for the two years he will be in college. Their grandson is currently celebrating his second birthday. His first college withdrawal will be on his 19 th birthday. The college fund will earn j12=2.4%. How much must they deposit today into the college fund? Your

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